Sino-Forest says Macquarie no longer interested in it

TORONTO Mon Jan 15, 2007 9:35am EST

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TORONTO Jan 15 (Reuters) - Sino-Forest Corp. TRE.TO said on Monday that Australia's Macquarie Bank Ltd. MBL.AX has indicated that it would not submit a proposal to Sino-Forest concerning an investment or takeover of the forestry firm.

Sino-Forest said it believes that the Macquarie letter includes CVC Asia Pacific, which it said last week was a member of a Macquarie consortium eyeing the firm.

($1=$1.17 Canadian)

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